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Medical Deductions & The New Tax Law
Tax News, TaxesArticle Highlights:
Medical Deductions Retained by the Tax Reform Law
Adjusted Gross Income Floor Dropped to 7.5%
The Standard Deduction
Bunching Medical Deductions
Unusual Medical Deductions
Medical Dependents
Divorced…
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Will Your 2018 Withholding Be Right?
Tax Tips, TaxesArticle Highlights:
Tax Cuts & Jobs Act
Wage Withholding Tables
W-4
Be Cautious with Adjusted Withholding
Note: The is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts &…
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Yes or No? Simple answers to your tax questions
Tax News, Tax Tips, TaxesArticle by Danielle Wiener-Bronner | Found on CNN
The changes to the new tax law are complex, and difficult even for experts to unpack. But some of the plan's provisions are straightforward enough for simple "yes" or "no" answers.
1. Does…
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Changes to the Child Tax Credit: What it Means for Families
Tax News, TaxesArticle by Lydia DePillis | Found on CNN.com
Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday — although other changes to the bill mitigate the impact…
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3 Things Every Entrepreneur Can Learn From Amazon's Second Headquarters Search
Tax Tips, TaxesArticle by Monique Claiborne | Found on INC.COM
On Thursday, Amazon announced its plans to search for a second headquarter city in North America. According to the press release, the new office will be a full equal to Amazon's headquarters…
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Tax Filers Could Overlook Security Risks as They Rush to Submit Their Returns
Tax Tips, TaxesArticle by Gretal Egan | Found on AccountingToday
As Tax Day looms near, many individuals are likely scrambling to gather their 2016 tax documents to avoid missing the filing deadline.
This year’s “extension” to April 18 may have…
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Nexpanding: The Ever-Evolving Shape of Nexus Rules
Accounting, Tax News, TaxesArticle by Roger Russell | Found on Accounting Today
Nexus — the minimum amount of contact between a taxpayer and a state that allows the state to tax the business on its activities — is under attack by the states as they seek to broaden…
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6 End-Of-Year Tax Tips That All Millennials Need To Hear
Tax Tips, TaxesBy Maya Kachroo-Levine | Found on Forbes
As a freelancer, I have a front row seat to the true nightmare that tax season can be. I earn almost all of my income via 1099s, and every month, I make a table that reflects exactly how much I earned,…
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Identity Theft Safeguards to Expand for 2017
Tax News, TaxesArticle By Sally P. Schreiber, J.D. | Featured on Journal of Accountancy
As the IRS, taxpayers, and tax practitioners get ready for the 2017 tax filing season, the IRS touted the successes that it and its Security Summit partners have had…
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New Tax Rules for 2017
Accounting, Tax News, Taxes, UncategorizedBy Robert Trinz | Article Featured on AccountingToday
The new year promises to be an challenging one for tax practitioners, as President-elect Trump and Congressional Republicans have promised to enact a significant tax reform package in…